Overview
In an era defined by unprecedented global crises, sophisticated cyber threats, and a near-total reliance on technology, the need for operational resilience has never been more critical. Regulators across industries are tightening standards to safeguard consumer and citizen interests, making it essential for businesses to adapt. The key to achieving operational resilience for your digital business lies in gaining full transparency into your IT landscape, how it supports the business, and service provider dependencies. It requires simplification of portfolio complexity, effective IT governance, and meaningful risk assessment and mitigation measures. To succeed, your approach must be cost-efficient, benefit the entire IT organization, and align seamlessly with strategic business goals. Operational resilience isn't just about compliance; it's about securing the foundation of your business for the future.
Digital transformation has introduced more risk
Changes for digitalization means greater potential for disruption to operations
Benefits
- Assess the criticality of your business capabilities and identify which IT systems they rely on to focus your resources effectively when disruptions occur.
- Analyze the upstream and downstream impacts on both business and IT to swiftly protect critical applications, data and business processes during a crisis.
- Track 3rd-party services closely to implement risk mitigation strategies against potential outsourcing vulnerabilities.
- Evaluate the architectural relevance of contracts to understand the implications of change and reduce planning risks.
- Minimize the number of incidents, their impact on customers and the business, and the costs associated with each disruption.
- Integrate new IT solutions into your operations with pre-identified and mitigated risks and threats to ensure smooth and secure implementation.
Features
Transparency
- Build a central repository of all ICT assets.
- Document inter-dependencies of all ICT assets.
- Identify and classify all ICT-supported business functions, processes, organizations and locations.
Governance
- Document owners of all ICT assets and outline responsibilities for risk-related roles.
- Build workflows to embed risk management processes within the organization.
- Use policies to guide planning and change management of ICT assets.
Threat Management
- Continuously capture threats from internal and external sources.
- Categorize, score and assess threats, linking them to relevant architecture elements.
- Establish automated processes to assess threats as they emerge in the market.
Risk Management
- Assess ICT assets and investments according to their degree of risk exposure.
- Create risk catalogs tailored to specific sets of ICT assets.
- Highlight key dependencies on third-party ICT service providers.
Risk Mitigation
- Establish backup policies and procedures based on the criticality or confidentiality level of information.
- Define recovery time objectives based on the criticality of functions and potential market impacts.
- Integrate mitigation actions into solution design by linking them to specific requirements.
Contract and Vendor Management
- Map IT assets and critical functions to vendors and contracts to identify risks associated with each vendor or contract.
- Maintain and regularly update a register of all contractual arrangements for ICT services.
- Understand the implications of vendor exit strategies on IT and business operations.
Get the extra advantage with Alfabet for Operational Resilience
Alfabet's comprehensive Enterprise Architecture (EA) and Strategic Portfolio Management (SPM) capabilities offer organizations a powerful solution for managing their IT portfolios, aligning technology investments with business strategies, and optimizing their IT landscape to enhance better decision-making and drive digital transformation.
We respond to potential crises a lot faster. Once we know everything about a zero-day exploit, we turn to Alfabet to identify, on time, the right managers to involve and all the impacted assets.
